Card Factory (LON:CARD) Shares Pass Above 50 Day Moving Average – Should You Sell?

Card Factory plc (LON:CARD)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 92.19 ($1.13) and traded as high as GBX 96.20 ($1.18). Card Factory shares last traded at GBX 95.20 ($1.17), with a volume of 2,750,454 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 185 ($2.26) price target on shares of Card Factory in a research note on Tuesday, September 24th.

Card Factory Stock Up 0.8 %

The company has a debt-to-equity ratio of 65.23, a current ratio of 1.10 and a quick ratio of 0.20. The stock has a market cap of £333.72 million, a price-to-earnings ratio of 800.00, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06. The firm’s 50-day moving average is GBX 92.19 and its 200 day moving average is GBX 103.68.

Insider Activity

In other Card Factory news, insider Matthias Seeger purchased 21,244 shares of Card Factory stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of GBX 94 ($1.15) per share, with a total value of £19,969.36 ($24,442.30). Also, insider Pamela Powell acquired 5,109 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were acquired at an average price of GBX 97 ($1.19) per share, with a total value of £4,955.73 ($6,065.76). Corporate insiders own 14.41% of the company’s stock.

About Card Factory

Card Factory plc operates as a specialist retailer of cards, gifts, and celebration essentials in the United Kingdom and internationally. It operates through five segments: Cardfactory Stores, Cardfactory Online, Getting Personal, Partnerships, and Printcraft. The company provides greeting cards, celebration accessories, and gifts through cardfactory stores, cardfactory online retails, and network of third-party retail partners; and personalised cards and gifts through online retailer, as well as manufactures and sells greeting cards and personalised gifts through its stores and online businesses.